$635,000 - 4850 Glen Erin Drive Unit 404, Mississauga
Condo for Sale in Mississauga
Neighbourhood: Central Erin Mills
- MLS Number
- W13548282
- Property Type
- Condo
- Status
- active
- Days on Site
- 16
- Bedrooms
- 2
- Bathrooms
- 2
- Square Feet
- 900 sqft
- Neighbourhood
- Mississauga
- Locker
- Owned
- Exposure
- South East
- Balcony
- Open
- Listing Brokerage
- CITYSCAPE REAL ESTATE LTD.
Experience elevated condo living at Papillon Place, located in the highly sought-after Central Erin Mills community of Mississauga. This rarely offered, sun-filled 4th-floor corner end-unit stands out as one of the building's larger and most desirable floor plans, boasting a bright, open-concept layout anchored by durable laminated floors. The inviting living and dining space flows seamlessly to a private balcony with unobstructed southeast exposure of green space and the city view, flooding the home with natural light. A modern kitchen is beautifully equipped with premium granite countertops, stainless steel appliances, and ample cabinetry, while the thoughtfully designed layout offers two spacious bedrooms, including a primary retreat featuring exclusive ensuite access. Offering unparalleled value for families, professionals, downsizers, and investors alike, this move-in-ready suite includes the rare, highly coveted bonus of two parking spaces and a dedicated storage locker.Residents enjoy access to impressive amenities offering collection of lifestyle-enhancing facilities, including a 24-hour concierge, gated security, indoor pool, hot tub, sauna, fitness center, party and billiards room. Ideally located directly across from Erin Mills Town Centre and just minutes to Credit Valley Hospital, this exceptional condo is situated within one of Mississauga's top-rated public school districts like John Fraser And St. Aloysius Gonzaga School Area. It offers convenient access to GO Transit, public transit, parks, restaurants, and Highway 403. A perfect opportunity for families, professionals and downsizers seeking a premium lifestyle in one of Mississauga's most sought-after communities.
Estimate your monthly payments for this property
Estimated Payment
$3,257.88/mo
Includes CMHC insurance ($17,717)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Central Erin Mills
Central Erin Mills is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Central Erin Mills
- •Convenient location in Mississauga
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Central Erin Mills offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
4850 Glen Erin Drive Unit 404, Mississauga
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $706/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Market Position
At 16 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
Condo Considerations
For condos, I always review the status certificate thoroughly. Key things I look for: reserve fund health (should be well-funded), any upcoming special assessments, rules that might affect your lifestyle (pets, rentals, renovations), and the corporation's financial statements. We'll want to verify the monthly fees and what they include.
Efficient Living
At 900 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Mississauga Market Insight
Mississauga continues to mature as a city with its own identity. The LRT expansion, growing downtown core, and Square One development are driving appreciation. Transit access is excellent with MiWay, GO Transit, and soon the Hurontario LRT. Many of my clients find they rarely need to commute to Toronto for entertainment or dining anymore.
About Central Erin Mills
I know Central Erin Mills well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.